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Selling securities by year end? Avoid the wash sale rule

By |2019-10-22T18:42:21+00:00October 22nd, 2019|Latest News|

If you’re planning to sell assets at a loss to offset gains that have been realized during the year, it’s important to be aware of the “wash sale” rule. How the rule works Under this rule, if you sell stock or securities for a loss and buy substantially identical stock or securities back within the

Deciding whether a merger or acquisition is the right move

By |2019-10-16T14:32:22+00:00October 16th, 2019|Latest News|

Merging with, or acquiring, another company is one of the best ways to grow rapidly. You might be able to significantly boost revenue, literally overnight, by acquiring another business. In contrast, achieving a comparable rate of growth organically — by increasing sales of existing products and services or adding new product and service lines —

Use a Coverdell ESA to help pay college, elementary and secondary school costs

By |2019-10-15T15:04:05+00:00October 15th, 2019|Latest News|

There are several ways to save for your child’s or grandchild’s education, including with a Coverdell Education Savings Account (ESA). Although for federal tax purposes there’s no upfront deduction for contributions made to an ESA, the earnings on the contributions grow tax-free. In addition, no tax is due when the funds in the account are

Watch out for tax-related scams

By |2019-10-09T20:55:15+00:00October 9th, 2019|Latest News|

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. Criminals can contact victims through regular mail, telephone calls and email messages. Here are just two of the scams the tax agency has seen in recent months. Fake property liens. A tax bill is sent from

6 ways to ensure your marketing plan drives sales

By |2019-10-09T20:50:44+00:00October 9th, 2019|Latest News|

Love and marriage,” goes the old song: “…You can’t have one without the other.” This also holds true for sales and marketing. Even the best of sales staffs will struggle if not supported by a well-researched and carefully executed marketing plan. Here are six ways to ensure your marketing plan is likely to drive strong

Laptop battery safety is no laughing matter

By |2019-10-09T20:48:37+00:00October 9th, 2019|Latest News|

You’d be hard pressed to find a business today that doesn’t have laptop computers listed among its assets. Large companies have hundreds of them; midsize ones issue them to managers to facilitate mobility; and many small businesses rely on them as primary computing devices. Now, in and of itself, a laptop may seem harmless. But

Take advantage of the gift tax exclusion rules

By |2019-10-01T18:22:30+00:00October 1st, 2019|Latest News|

As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of gift taxes to their children and others each year through the use of the annual federal gift tax exclusion. The amount is adjusted for inflation annually. For

When is tax due on Series EE savings bonds?

By |2019-09-27T18:30:42+00:00September 27th, 2019|Latest News|

You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a file cabinet or safe deposit box and rarely think about them. You may wonder how the interest you earn on EE bonds is taxed. And if they reach final maturity, you may need to take action

Does your team know the profitability game plan?

By |2019-09-27T18:28:13+00:00September 27th, 2019|Latest News|

Autumn brings falling leaves and … the gridiron. Football teams — from high school to pro — are trying to put as many wins on the board as possible to make this season a special one. For business owners, sports can highlight important lessons about profitability. One in particular is that you and your coaches

How to research a business customer’s creditworthiness

By |2019-09-27T18:25:34+00:00September 27th, 2019|Latest News|

Extending credit to business customers can be an effective way to build goodwill and nurture long-term buyers. But if you extend customer credit, it also brings sizable financial risk to your business, as cash flow could grind to a halt if these customers don’t make their payments. Even worse, they could declare bankruptcy and bow